Assets of Community Value

29.08.2018 - The Cross Keys, 162 Ashbourne Road, Turnditch, Belper DE56 2LH

The Cross Keys, 162 Ashbourne Road, Turnditch, Belper DE56 2LH has been included in the list of assets of community value maintained by the Council since 13 July 2018.

On 24 August 2018 the owner informed the Council of his intention to sell the property.

The owner will only be able to dispose of the asset after a specified window has expired. The first part of this window is a 6 week interim period, from the point the owner notified the Council, i.e. 24 August 2018. This allows community interest groups to make a written request to be treated as a potential bidder for the asset; this will bring a full moratorium period into force. The community interest group does not have to provide any evidence of intention or financial resources to make such a bid but must have one or more of the following structures:

(a) A charity
(b) A community interest company
(c) A company limited by guarantee that is non-profit distributing
(d) An industrial and provident society that is non-profit distributing (community benefit societies)

If a community interest group does not make a written request to be treated as a potential bidder in this period, the owner is free to sell their asset at the end of the 6 weeks.

If a community interest group does make a written request to be treated as a potential bidder in this period, the owner may not dispose of their asset during a full 6 month moratorium (except as permitted). During the full 6 month moratorium period the owner may continue to market and negotiate sales, but may not exchange contracts (or enter into a binding contract to do so later). There is one exception, the owner may sell to a community interest group during the moratorium period.

After the moratorium period – either the 6 weeks if there has been no community interest, or the full 6 months (inclusive of the initial 6 weeks interim period) – the owner is free to sell to whomever they choose and at whatever price, and no further moratorium will apply for the remainder of a protected period lasting 18 months (running from the same start date of when the owner notified the Council of wishing to sell). The process and lengths of the moratorium periods are contained in section 95 of the Localism Act 2011.

Any written requests to be treated as a potential bidder should be sent to the Executive Director (Operations), Amber Valley Borough Council, Council Offices, Market Place, Ripley DE5 3BT

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The Council has now launched the application process for registering Assets of Community Value in accordance with the Assets of Community Value (England) Regulations 2012.

Under this scheme, (also known as the 'Community Right to Bid'), the Council is required to maintain a register of 'Assets of Community Value' and to put in place a procedure for properties to be added to that register.

This scheme is intended to assist communities to preserve buildings or land that they consider important to their social wellbeing. The benefit of listing community assets is that it effectively "stops the clock" on the sale of assets to allow community groups to make a bid to purchase the asset and so preserve its social value. Such assets may be for instance the local shop, library, pub, heritage building or open space.

It is important to note that there is no preferential right given to community groups to acquire the asset and the landowner is free to sell (or not) to any bidder.

To nominate a property for inclusion on the Register, you must be a 'community organisation', in other words private individuals are not eligible to nominate.

Details of those eligible to make nominations are provided in Section 2 of the Council's Guidance Notes.

More detailed guidance and the relevant Statutory Instrument are also available to view via the following links:


If you would like to nominate premises for inclusion on the Register, please download a copy of the Nomination Form.

There is no charge for nominating a property for addition to the Register, however please note that the Council will only consider fully completed application forms or applications which contain all the necessary information.

The list of properties currently on the register can be viewed here.

Part 2 of the Register includes a list of any properties nominated, but which have not been accepted for inclusion.

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